Subject: REITS -general (REITS)

January 29, 2001 GLEN ALLEN, Va. – Dynex Capital Inc. (NYSE:DX) has backed out of an agreement to be acquired by an affiliate of First Commercial Corp. for $90 million in cash.Dynex, a specialty finance REIT, agreed last October to ...

January 26, 2001 CHICAGO – CenterPoint Properties Trust (NYSE:CNT) and AMLI Commercial Properties Trust, a private REIT, have agreed to use PropertyFirst.com's technology to market their properties and maintain leasing information for their portfolios.Under the agreement, the REITs will use ...

January 26, 2001 (NewsTraders.com) – UBS Warburg analysts Jeff Olson and Stuart Seeley downgraded their investment ratings on a trio of apartment-focused real estate investment trusts Friday based on a revised outlook for the sector.Essex Property Trust (NYSE:ESS) and AvalonBay ...

Morgan Stanley Dean Witter is leading the deal, which is backed by a variety of CMBS and REIT debt. First Union and Dutch bank ING Barings are co-managing. ING and a third party will retain the deal's equity, or first-loss ...

January 26, 2001 WESTBOROUGH, Mass. – Extended Stay America Inc. (NYSE:ESA) has opened a three-story, 92-room hotel at 19 Connector Road.Weekly rates at the hotel range from $459 to $489 and nightly rates are available from $95.The hotel is the ...

January 25, 2001 INDIANAPOLIS – Simon Property Group (NYSE:SPG) and mySimon Inc. said today they plan to appeal aspects of a federal district court's ruling significantly reducing a jury award in the trademark infringement case brought by the REIT against ...

The financier, who long ago predicted the public real estate market would be dominated by about 25 players, is sticking to his guns. Recent activity in the capital markets indicates things could soon start moving in that direction.

January 24, 2001 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has completed the sale of 4.5 million shares of common stock in a public offering for $42.1875/share.The $190 million of proceeds from the offering will be used to reduce outstanding debt ...

January 24, 2001 ANN ARBOR, Mich. – Captec Net Lease Realty (Nasdaq:CRRR) has retained UBS Warburg LLC as financial adviser in connection with a possible sale of the company.UBS Warburg replaces the company's previous adviser, Prudential Securities Inc., which recently ...

January 24, 2001 JACKSONVILLE, Fla. – Regency Realty Corp. (NYSE:REG) is changing its name to Regency Centers Corp. effective Feb. 12.After a year of analysis, the company decided that a name change would enhance its brand and position in the ...